Question: ****** PLEASE ANSWER ALLL 8 JOURNAL ENTRIES BELOW ******* ! Required information [The following information applies to the questions displayed below.] Pro-Weave manufactures stadium blankets

 ****** PLEASE ANSWER ALLL 8 JOURNAL ENTRIES BELOW ******* ! Required

****** PLEASE ANSWER ALLL 8 JOURNAL ENTRIES BELOW *******

information [The following information applies to the questions displayed below.] Pro-Weave manufactures

stadium blankets by passing the products through a weaving department and a

sewing department. The following information is available regarding its June inventories: Raw

materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods

inventory Direct-Weaving Direct-Sewing Indirect Labor used Beginning Inventory $ Direct-Weaving Direct-Sewing The

following additional information describes the company's manufacturing activities for June: Raw materials

purchases (on credit) Factory payroll cost (paid in cash) Other factory overhead

cost (Other Accounts credited) Materials used. Indirect Overhead rates as a percent

! Required information [The following information applies to the questions displayed below.] Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventories: Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Direct-Weaving Direct-Sewing Indirect Labor used Beginning Inventory $ Direct-Weaving Direct-Sewing The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) Factory payroll cost (paid in cash) Other factory overhead cost (Other Accounts credited) Materials used. Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) Ending Inventory 184,000 $ 225,000 485,000 545,000 645,000 930,000 1,466,000 1,326,000 $ 605,000 3,530,000 176,000 $ 308,000 120,000 162,000 $1,300,000 580,000 1,650,000 80% 155% $5,050,000 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage, (c) indirect materials usage, (d) direct labor usage, (e) indirect labor usage, (f) other overhead costs, (g) overhead applied, and (h) payment of total payroll costs. 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage, (c) indirect materials usage, (d) direct labor usage, (e) indirect labor usage, (f) other overhead costs, (g) overhead applied, and (h) payment of total payroll costs. View transaction list Journal entry worksheet 1 2 Transaction (a) 3 Note: Enter debits before credits. Record entry 4 Record the purchase of raw materials on account. 5 General Journal 6 Clear entry 7 8 Debit Credit View general journal > 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage, (c) indirect materials usage, (d) direct labor usage, (e) indirect labor usage, (f) other overhead costs, (g) overhead applied, and (h) payment of total payroll costs. View transaction list Journal entry worksheet 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage, (c) indirect materials usage, (d) direct labor usage, (e) indirect labor usage, (f) other overhead costs, (g) overhead applied, and (h) payment of total payroll costs. View transaction list Journal entry worksheet

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!